Nigeria, Oct. 29 -- Nestoil Group has reassured stakeholders that its operations remain unaffected in spite of the seizure of its Lagos headquarters by armed police officers on Tuesday.

PREMIUM TIMES had reported how armed police officers sealed the Lagos office of Nestoil Limited on Tuesday, following a Federal High Court order granting liberty to First Trustees and FBNQuest Merchant Bank to take over the company's assets on account of an alleged multibillion-dollar debt default.

The enforcement followed a directive by Justice D. I. Dipeolu of the Federal High Court, Lagos Division on 22 October, granting a Mareva injunction against Nestoil Limited and its affiliate, Neconde Energy Limited, as well as against their principal promoters,...